Saia (SAIA) 8-K Saia, Inc. Reports First-Quarter 2007 Earnings Earnings per share of $0.21 including $0.10 of integration charges

Exhibit 99.1

FOR IMMEDIATE RELEASE

Saia, Inc. Reports First-Quarter 2007 Earnings
Earnings per share of $0.21 including $0.10 of integration charges

DULUTH, Ga. — April 20, 2007 — Saia, Inc. (NASDAQ: SAIA), a leading multi-regional less-than-truckload (LTL) carrier, today reported first-quarter 2007 results.

First-Quarter 2007 Results from Continuing Operations Compared to First-Quarter 2006

• Revenues were $231.8 million, an increase of 13 percent over the prior-year quarter.

• Operating income from continuing operations was $7.1 million, including $2.4 million in integration expenses, compared to $8.6 million in the prior year quarter.

• Earnings per share from continuing operations were $0.21 and included charges of $0.10 per share for integration expenses. Earnings per share from continuing operations in the prior-year quarter were $0.26.

• Operating ratio excluding integration expenses was 95.9 vs. 95.8 in the prior year quarter.

• LTL yield was essentially flat for the quarter primarily due to the acquired business’ shorter average length of haul. On a pro forma basis, including the acquired companies in the first quarter of 2006, yield was up 6.7% partially due to the impact of mix changes (increasing length of haul and declining weight per shipment).

Of the $2.4 million in integration expenses, $1.5 million was related to the acquisition of The Connection Company and $0.9 million to Madison Freight Systems. No further integration costs related to these acquisitions are expected. While the acquisitions did not contribute to operating profit this quarter, results were in line with management expectations.

“I believe we are off to a great start with synergy revenue to and from the new geography after just opening the lanes on March 5^th. Through solid planning, focus on execution and strong commitment, Saia employees demonstrated their ability to integrate companies quickly and in line with budget. The integrations of The Connection Company and Madison Freight Systems during the quarter significantly increased direct delivery capabilities in the states of Indiana, Kentucky, Ohio, Michigan and Wisconsin”said Rick O’Dell, president and chief executive officer. “We expect to benefit significantly from revenue growth and profit improvements from these acquisitions in the remainder of 2007 and into 2008.”

Saia, Inc. First-Quarter 2007 Earnings
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On a pro-forma basis, Saia achieved revenue growth and favorable yield comparisons. In spite of the acquired companies operating at over 100 operating ratio for the quarter, Saia achieved essentially the same margin as the prior year quarter. “Considering the difficult economic environment and the severe weather during the quarter, I was relatively pleased with the results,” O’Dell said.

Financial Position and Capital Expenditures
Total debt was $131 million at March 31, 2007 with net debt to total capital of 38 percent as a result of the Company’s $7 million cash balance at quarter end.

Saia repurchased $5.4 million in shares during the quarter under its $25 million authorized stock repurchase program leaving $17.8 million available.

Net capital expenditures from continuing operations for the first three months of 2007 were $21 million. This compares to $17 million in the prior year quarter.

Conference Call
The Company will hold a conference call to discuss these results today at 9:00 a.m. Eastern Time. To participate in the call, please dial 1-877-558-9192 or dial 706-758-1748 for international calls. Callers should dial in five to 10 minutes in advance of the conference call. This call will be webcast live via the Company web site at www.saia.com and will be archived on the site. A replay of the call will be available two hours after the completion of the call through April 27, 2007. The replay is available by dialing 1-800-642-1687 or 706-645-9291 and using conference code 4528343.

The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

Saia, Inc. (NASDAQ: SAIA) is a less-than-truckload provider of regional, interregional and guaranteed services covering 34 states. With headquarters in Duluth, Ga. and a network of 151 terminals, Saia employs 8,100 people. For more information, visit the Investor Relations section at www.saia.com.

The Securities and Exchange Commission encourages companies to disclose forward-looking information so that investors can better understand the future prospects of a company and make informed investment decisions. This news release contains these types of statements, which are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.

Words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “may,” “plan,” “predict,” “believe” and similar words or expressions are intended to identify forward-looking statements.

Saia, Inc. First-Quarter 2007 Earnings
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Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in any forward-looking statements. These factors and risks include, but are not limited to, general economic conditions; integration risks; indemnification obligations associated with the sale of Jevic Transportation, Inc.; cost and availability of qualified drivers, fuel, purchased transportation, property, revenue equipment and other operating assets; governmental regulations, including but not limited to Hours of Service, engine emissions, compliance with recent legislation requiring companies to evaluate their internal control over financial reporting and Homeland Security; dependence on key employees; inclement weather; labor relations; effectiveness of company-specific performance improvement initiatives; competitive initiatives and pricing pressures; terrorism risks; self-insurance claims, equity-based compensation and other expense volatility; the Company’s determination from time to time whether to purchase any shares under the repurchase program; and other financial, operational and legal risks and uncertainties detailed from time to time in the Company’s SEC filings.

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CONTACT: Saia, Inc.
Renée McKenzie, Treasurer
RMcKenzie@Saia.com
678.542.3910

Saia, Inc.
Condensed Consolidated Balance Sheets
(Amounts in thousands)
(Unaudited)

	March 31,			December 31,
	2007			2006
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	6,968		$	10,669
Accounts receivable		105,532			95,779
Prepaid expenses and other		30,890			27,236
Total current assets		143,390			133,684
PROPERTY AND EQUIPMENT:
Cost		534,658			518,052
Less: Accumulated depreciation		209,569			203,220
Net property and equipment		325,089			314,832
GOODWILL AND OTHER ASSETS		41,033			38,884
Total assets	$	509,512		$	487,400
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable and checks outstanding	$	39,551		$	39,389
Wages and employees’ benefits		39,394			45,752
Other current liabilities		34,409			30,027
Current portion of long-term debt		11,356			11,356
Current liabilities of discontinued operations		—			117
Total current liabilities		124,710			126,641
OTHER LIABILITIES:
Long-term debt		119,659			98,628
Deferred income taxes		46,242			45,259
Claims, insurance and other		18,061			13,717
Total other liabilities		183,962			157,604
SHAREHOLDERS’ EQUITY:
Common stock		15			15
Additional paid-in capital		199,606			199,257
Treasury stock		(14,269	)		(8,861	)
Deferred compensation trust		(2,156	)		(1,877	)
Retained earnings		17,644			14,621
Total shareholders’ equity		200,840			203,155
Total liabilities and shareholders’ equity	$	509,512		$	487,400

Saia, Inc.
Consolidated Statements of Operations
For the Quarter Ended March 31, 2007 and 2006
(Amounts in thousands, except per share data)
(Unaudited)

	First Quarter
	2007			2006
OPERATING REVENUE	$	231,827		$	204,646
OPERATING EXPENSES:
Salaries, wages and employees’ benefits		129,804			113,066
Purchased transportation		16,167			17,008
Fuel, operating expenses and supplies		50,394			44,906
Operating taxes and licenses		8,321			7,348
Claims and insurance		8,799			6,306
Depreciation and amortization		9,020			7,584
Operating gains, net		(165	)		(133	)
Integration charges		2,427			–
Total operating expenses		224,767			196,085
OPERATING INCOME		7,060			8,561
NONOPERATING EXPENSES:
Interest expense		2,204			2,474
Other, net		(152	)		(185	)
Nonoperating expenses, net		2,052			2,289
INCOME BEFORE INCOME TAXES		5,008			6,272
Income tax provision		1,985			2,355
INCOME FROM CONTINUING OPERATIONS		3,023			3,917
Income (loss) from discontinued operations, net		–			(1,546	)
NET INCOME	$	3,023		$	2,371
Average common shares outstanding — basic		14,237			14,499
Average common shares outstanding — diluted		14,493			14,842
Basic earnings per share-continuing operations	$	0.21		$	0.27
Basic earnings (loss) per share-discontinued operations		–			(0.11	)
Basic earnings per share	$	0.21		$	0.16
Diluted earnings per share-continuing operations	$	0.21		$	0.26
Diluted earnings (loss) per share-discontinued operations		–			(0.10	)
Diluted earnings per share	$	0.21		$	0.16

Saia, Inc.
Condensed Consolidated Statements of Cash Flows
For the Quarter Ended March 31, 2007 and 2006
(Amounts in thousands)
(Unaudited)

	2007			2006
OPERATING ACTIVITIES:
Net cash from (used in) operating activities-continuing operations	$	3,927		$	(3,541	)
Net cash from (used in) operating activities-discontinued operations		(117	)		2,820
Net cash from (used in) operating activities		3,810			(721	)
INVESTING ACTIVITIES:
Acquisition of property and equipment		(20,863	)		(17,487	)
Proceeds from disposal of property and equipment		319			262
Acquisition of business		(2,344	)		–
Net investment in discontinued operations		–			(3,990	)
Net cash used in investing activities		(22,888	)		(21,215	)
FINANCING ACTIVITIES:
Proceeds from long-term debt		21,013			8,000
Repayment of long-term debt		(469	)		–
Repurchase of common stock		(5,408	)		–
Proceeds from stock option exercises		241			2,290
Net cash from financing activities		15,377			10,290
NET DECREASE IN CASH & CASH EQUIVALENTS		(3,701	)		(11,646	)
CASH & CASH EQUIVALENTS, BEGINNING OF PERIOD		10,669			16,865
CASH & CASH EQUIVALENTS, END OF PERIOD	$	6,968		$	5,219

Saia, Inc.
Financial Information
For the Quarter Ended March 31, 2007 and 2006
(Amounts in thousands)
(Unaudited)

								First Quarter
		First Quarter			%			Amount/Workday			%
		2007		2006	Change			2007		2006	Change
Workdays									64	64
Operating ratio			97.0	95.8
Operating ratio excluding integration charges *			95.9	95.8
F/S Revenue	LTL		215,838	189,491		13.9			3,372.5	2,960.8		13.9
	TL		15,989	15,155		5.5			249.8	236.8		5.5
	Total		231,827	204,646		13.3			3,622.3	3,197.6		13.3
Revenue excluding	LTL		216,331	189,839		14.0			3,380.2	2,966.2		14.0
revenue recognition	TL		16,026	15,182		5.6			250.4	237.2		5.6
adjustment	Total		232,357	205,021		13.3			3,630.6	3,203.4		13.3
Tonnage	LTL		955	840		13.8			14.93	13.12		13.8
	TL		176	173		1.8			2.76	2.71		1.8
	Total		1,131	1,013		11.7			17.69	15.83		11.7
Shipments	LTL		1,704	1,494		14.1			26.63	23.34		14.1
	TL		24	24		1.2			0.38	0.37		1.2
	Total		1,728	1,518		13.9			27.01	23.71		13.9
Revenue/cwt.	LTL		11.32	11.30		0.2
	TL		4.54	4.38		3.7
	Total		10.26	10.12		1.5
Revenue/cwt.	LTL		10.01	10.03		(0.2	)
(excluding fuel surcharge)	TL		4.47	4.30		3.9
	Total		9.15	9.05		1.1
Revenue/shipment	LTL		126.92	127.07		(0.1	)
	TL		664.10	636.88		4.3
	Total		134.42	135.08		(0.5	)
Pounds/shipment	LTL		1,121	1,124		(0.3	)
	TL		14,620	14,535		0.6
	Total		1,310	1,335		(1.9	)

* — Integration charges consist of employee retention and stay bonuses, communications, re-logoing the fleet of The Connection & Madison Freight Systems, technology integration and other items in connection with the integration of the operations of The Connection & Madison Freight Systems. Management believes that excluding these charges more accurately reflects the core operating performance of Saia.